Have there been any news on more layoffs at AIG? I've heard some whispering, but nothing concrete. I feel that it has been long enough since the last larger round that we are due another one sometime soon. Does anybody have more info on this?... read more
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Topics regarding layoffs at AIG (American Intl Group Inc.)
Yes. Managers see their bonuses go up for RIFFING people. It's actually a big component of their yearly goals. Just saw employment report shows a record number of people voluntarily left their jobs in December. I bet AIG will have its share of... read more
For me: Money Work life balance
(Bloomberg) -- Coverage insurers have limited exposure to PG&E Corp. bonds through their investment portfolios, Goldman Sachs analyst Yaron wrote in a note earlier after the California utility said Monday it intendsto file for bankruptcy later this... read more
NFP understands that a person can't be defined just by the last job you had. We need insurance professionals in Property & Casualty, Specialty Lines (D&O, etc) and Corporate Benefits. Special consideration give to applicants who have both carrier and... read more
Heard of at least 6
Will AIG stock get above 50 dollars in 2019? Concerned stockholder.
Has anyone heard anything about the yearly bonus ?
Has anyone heard what plans are for work comp, if reduction in staff and services planned?
I feel like AIG is pressuring people into quitting on their own to save on severance and bad press. Have you noticed how bad the situation here has become? The more experience you have the worse you are treated by management. I know several people... read more
This article was a good take on the whole current situation at AIG, from the reasons why we got to where we are to the possible scenarios about how things might pan out in 2019. My take for 2019 is that we could see a slightly better year at AIG... read more
It has been announced that AIG acquired Ellipse, a UK based company that specializes in group life risk protection. The acquisition was made through AIG life, a UK subsidiary of AIG Life & Retirement, for a not yet disclosed amount of money... read more
No unit is safe this time around. Payday is November 30th and so are the layoffs coming Friday AM. Schedules have been rearranged to accommodate the in- person and over the phone layoffs. Managers are expected to assume the duties of the departed... read more
IT had the most layoffs and it continues. Majority replaced by KL / Malaysia. Replacements are not up to par, and no actual official news on layoffs as they try to keep each lay-off in each location under the limit for announcements. This is almost... read more
For experienced claim handlers with a JD in NYC there are a lot of jobs. You’ll probably have to take less money than AIG. I,was offered three jobs that fit the above after getting RIFed over the summer. I turned two of them down. There are jobs. Get... read more
I want to let you know that people are anxious and tense as they expect layoffs in corporate in NYC.
Good read on Zacks.com https://www.zacks.com/stock/news/344539/is-aig-doomed-to-have-a-terrible-2019-too
Start sending out information on which companies are seriously hiring. Update Resume Set up Bookmark on companies and view positions once a week. Be willing to relocate Stay Positive!!!
Does anyone have any updates on blackboard? Are they seeing any revenue yet? Have they had any layoffs?
There have been a lot of process improvements that some would equate to a need for lower headcount, but for most, those changes have just made a very long a day little more tolerable. Regardless of what anyone thinks, this is a relationship business... read more
“1. The people you work for don’t know what you are capable of. You’ve tried to show them, but they’re not interested. 2018 is almost over, and you have nothing new to add to your resume. When you kill yourself to complete a project, help a customer... read more
Look I hate to post this as is it a small unit but I just can’t get any straight information anywhere. Bottom line I’m somewhere in the middle. Have not been here forever. No major severance package waiting for me. I have to work. The SIU unit has... read more
This was asked in another thread, but there were no answers so I'm going to try again. Have there been any news on possible layoffs in Claims anytime soon?
Make a prediction and tell us what you think about AIG Layoffs in 2019 -- Thoughts??
My position was eliminated in Q4 2018, after being reassured that I had "nothing to worry about" by my supervisor. Don't trust any supervisors. I find AIG to be a very unstable company. More layoffs coming. I was unfortunate to get termination at... read more
Has Risesmart, the outplacement agency, worked for anyone?
The guy making six figures has to work with an uninspired workforce already under the gun after all the RIF's creating a stressful workload. It took years for Hank Greenberg to build up the company. Granted he made mistakes with the derivatives but... read more
Just wondering if anyone know's about possible layoffs for AIGRM?
There is no spirit of giving at AIG. Some offices have parties, others don't. This company that I truly loved when I started is on a destructive path. BD goes to Bermuda in the same week as a big RIF. As you know, travel has been restricted in the... read more
Most companies don't rif 2 weeks before Christmas. AIG could care less. Ruining the lives of their employees in the name of profits says it all. 2019 won't be any better than this year. Maybe they should watch It's a Wonderful Life. The missing $... read more
Is it true we'll see more layoffs this year? I've been hearing from a few coworkers on that possibility, but there's been nothing concrete, just speculation. I think it would be really cruel to lay people off so close to Christmas, but this is AIG so... read more
Former AIG Employees Win UK Court Ruling over $100M in Back Bonuses Source: Case no. CL-2014-000921 in High Court of Justice, Queen’s Bench Division Will heads roll in the AIG Financial Products group?
There have been many layoffs and will be more to come I am sure. Business is down. Wrong accounts are being written with the wrong premiums. This company has made one upper management mistake after another. Layoffs have occurred in claims and there... read more
We had a RIF go down this AM. About a third of our unit. More to follow tomorrow. Watch out for mundane, scheduled meetings on such things as goals. The only goal by the company is to RIF the employee without raising any suspicion. They were... read more